Hiring an Arizona Bankruptcy Attorney Remains Relevant Despite the Drop in the Number of Bankruptcies

Hiring an Arizona Bankruptcy Attorney Remains Relevant Despite the Drop in the Number of Bankruptcies

The number of bankruptcies has been dropping every year since 2006, but the recent dynamics show the trend might not last. Either way, hiring an Arizona bankruptcy attorney is a main contributor to the successful completion of a case.

The number of bankruptcies filed across the US in 2016 was close to 800,000, which is 5.9% less than in 2015. In Arizona, the numbers are 14,657 in 2016 and 16,313 in 2015. It might seem that with this kind of dynamic, hiring an Arizona bankruptcy attorney might soon become a thing of the past.

However, the truth is that this trend isn’t as positive as it might seem at first glance. It’s true that there are fewer bankruptcy filings today, but this ‘few’ is much smaller than it used to be only a year ago. In fact, 2016 is the first year since 2006 when the bankruptcy ‘drop rate’ turned out less than 10%.

A decade ago, the huge increase in filings occurred because of the economic crisis. Nowadays, the change indicates that an event like this might reoccur in the near future. If another economic crisis occurs, some people will mistakenly sabotage their own chances of a successful case completion. The Pew Law Center, a reliable Arizona bankruptcy law firm, can help reduce both the emotional and financial stress of these types of cases..

Hiring an Arizona Bankruptcy Attorney Vs. Pro Se Bankruptcy

Many people that push to file for bankruptcy choose to forego hiring a legal representative to save a little of the money they have left. However, with the current US legal system and all of its complexities, cutting corners to save costs on bankruptcy filings can cost a lot more in the long run.

Bankruptcy attorneys do their best to save their clients’ money, despite being paid to handle the process. In many cases, they are able to save their clients money. This is most relevant to Chapter 13 bankruptcies as these are almost impossible to file pro se (on your own).

Filing for bankruptcy requires filling out a huge amount of paperwork and even the smallest mistake can result in delays, lost funds, and missed opportunities. Hiring an Arizona bankruptcy attorney right from the start remains the most efficient way to avoid legal pitfalls associated with these types of cases.

The Pew Law Center is a law firm that has been helping the residents of Arizona for years now. Their website, https://www.pewlaw.com/, offers a full list of their service areas. Every attorney working with them is a licensed expert in their field. The firm guarantees to deliver top-quality service and develops a custom approach utilizing tried and proven methods to help ensure each and every case conclusion matches their clients’ expectations.